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David Zybin on Zillow
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Walgreens 
Sale Price: $ 5,781,250
NOI: $ 370,000.00/ year + % from gross sales.
Cap Rate: 6.40%
Rent Adjustments: Years 1-5: $370,000
Years 6-75: $376,600
Building Sq. Feet: 14,820  Lease Term (Years): 75.00
Lot Size: 50,155 Sq.Ft. Lease Type: NNN
Percentage Rent: 2% of gross sales except from the sale of food and prescription items and 0.5% of gross sales of food and prescription items. Property Type: Retail
LEASE NOTES
Net, Net, Net. No landlord responsibilities. *Building SF is estimated and subject to change. *Lease is a true 75 year Lease with no options to terminate until after 75 years. Lease expires in 2084.




Verizon Wireless

Sale Price: $ 1,021,252
NOI: $ 83,232.00/ year
Cap Rate: 8.15%
Rent Adjustments: Years 2-3: $83,232
Years 4-10: 2% annual increase.
Building Sq. Feet: 3,240  Lease Expiration:
Lease Term (Years): 		February 2017 
10.00
Lot Size: 22,725 Sq.Ft. Lease Type: NNN
Percentage Rent: N/A Property Type: Retail
Yr. Built/Renovated: 1985 / 2007 Lease Renewal Options: One 5-year options.
LEASE NOTES
Net. Net. Net. No landlord responsibilities. NOI is based on lease year 3. If there is a discrepancy in years 2 & 3 NOI, buyer will be credited at closing.




Pizza Hut

Sale Price: $ 517,668
NOI: $ 45,296.00/year
Cap Rate: 8.75%
Rent Adjustments: Years 4-5: $45,296
Years 6-10: lessor of 10% or 1.25 times CPI
Years 11-15: lessor of 10% or 1.25 times CPI
Price/Sq. Foot: $ 282.88
Rent/Sq. Foot: $ 24.75
State: MN Lease Commencement: May 2005 
County:   Rent Commencement: May 2005
Building Sq. Feet: 1,830  Lease Expiration:
Lease Term (Years): 		May 2020 
15.00
Lot Size: 0.32 Acres Lease Type: NNN
Percentage Rent: N/A Property Type: Retail
Yr. Built/Renovated: 1968 / Lease Renewal Options: Four 5-year options
LEASE NOTES
Net, Net, Net. No landlord responsibilities.

 
 
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Phone: 718-234-9617
Fax: 718-228-8300
 
   
Nord-East Realty Group, LLC
1601 Gravesend Neck Rd
Brooklyn, NY 11229
 
         
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